Home Buyers In 2020 Are Locking In Ridiculously Low Mortgage Interest Rates
If there is one trend line that we like to see declining -- it's mortgage interest rates! :-) The interest rates at which buyers are financing their mortgages have been…
Renting or Buying A Home Within A 5 Year Time Horizon
If you will only be in your next home for two (or 1, 3, 4 or 5) years -- should you buy that home? Or just rent a home instead? Let's take a look, assuming a price point…
What To Expect For The Second Half Of The Year In Our Local Real Estate Market
I spent some time this past weekend cleaning up my crystal ball - oh wait, no, I was cleaning my garage. My crystal ball is always ready and waiting to convincingly and…
Everybody Refinancing Their Homes Seems To Be Slowing Down The Purchase Mortgage Market
Depending on the details (rate, term, etc.) of your current mortgage it might be a great time to refinance your mortgage. Interest rates are at RECORD low levels…
Local Home Prices Still Rising Despite Slightly Fewer Home Sales
Happy Monday Morning! We're nearly halfway through the year now, and it has been a year like no other when it comes to our local real estate market and in so many other…
Monthly Housing Costs Decline A Bit In 2020 Thanks To Record Low Mortgage Interest Rates
The monthly cost of a mortgage on a median priced house has actually declined a bit this year! For this analysis, I am measuring "monthly housing cost" by determining the…
Mortgage Interest Rates Are Absurdly Low
Fortunate are the home buyers who happen to be buying right now -- and locking in super low mortgage interest rates! Over the past year, interest rates have been at an…
Home Sales and Prices Still Rising Despite Declining Contract Activity
I just published my monthly market report, which you can download as a PDF here, or read on for the highlights of what is happening these days in our local housing…
Mortgage Applications, Often A Good Leading Indicator Of Buyer Activity, Rising Quickly!
The number of people making applications for mortgages tends to be a good indicator of current and future buyer activity. The graph above shows that mortgage applications…
Looking At The Big Picture, Financially, Of Both Selling AND Buying a House
If you will be selling your home to buy another, there are a lot of numbers floating around.... what you'll sell for your closing costs when selling your mortgage payoff…
Finding Townhouses For Sale In and Around Harrisonburg
It can be hard to find a townhouse for sale these days -- many of them are under contract within days or even hours of being listed for sale. So if you are a buyer…
Harrisonburg Area Housing Market Still Strong Through End Of March 2020
I'm working from home today, as is the norm for many of us these days. I hope that you and your family are in good health and good spirits as we travel through these…